Here’s our fortnightly wrap of all the news driving ASX small cap health stocks.

As the financial year draws to a close, Stockhead reflects on the winners of the ASX small cap health sector in the year thus far.

This year the sector is up over 11 per cent and the top three performers are an app company with a Morrison government cash injection, a cannabis play and this year’s second best performing IPO. They’re all up over 300 per cent.

The gold, bronze and silver medal winners

PainChek (ASX: PCK) has made the greatest gains of all health small caps having soared since the Morrison government announced a $5m investment.

PainChek’s technology uses facial recognition to assess pain in patients who are unable to communicate with their carers.

Since receiving the government funding, the company has continued to roll out its platform.

The most recent news was a $4.2m placement, announced last month. PainChek is under annual contract to over 80 facilities with over 30,000 assessments conducted over the last 18 months.

Taking the silver medal is pot stock Althea Health Group (ASX: AGH), which has had a busy year.

Earlier this month the company announced it had made moves in the UK market. It’s products were prescribed for the first time and Althea was chosen to supply the first UK National Medical Cannabis Pilot.

The program wants to enrol 20,000 patients by the end of 2021. Amibitious? Maybe. But after reaching 300 patients earlier this year they reached the 1,000 patient milestone only two weeks ago.

The Pot Seat: Althea’s Josh Fegan says they can absolutely sell home grown ganja in 2020

Winning the bronze medal was a late entrant, having listed in April – anti bacteria biotech Next Science (ASX: NXS). The company listed at $1 and is now over $4.

Next in line was Orthocell (ASX: OCC), which rose 377 per cent in just one day after a successful Phase III trial of its CelGro technology that targets damaged nerves. Patients reported an 83 per cent improvement in muscle power.

It is nowhere near an ASX record for one day gains though. In fact, even as a record for 2019 it was superceded this week by Hylea Metals (ASX: HCO). Hylea rose 430 per cent on Monday morning after announcing it was buying a uranium mine.

Fortnightly gainers

Althea also took out a top three place among the best performing stocks in the last two weeks. The news earlier this week sent it up 49 per cent.

The top gainer was another pot stock, Botanix Pharmaceuticals (ASX: BOT). It turns out Next Science isn’t the only bug killer – Botanix’s skin cream (Cannabidiol) does too.

The third best performer, 1st Group (ASX: 1ST), had no company news but a couple of substantial holders, Focus Asset Management and John Plummer, topped up their holdings.

The company is a medical software producer and while things were quiet this month, in May it raised $2.6m and began a trial with St Vincent’s Health.

Among the other notable gainers this fortnight was Actinogen Medical (ASX: ACW), which is up 10 per cent.

While the company’s signature drug failed its clinical trial, the company is looking for other opportunities.

The only ASX small cap domiciled in Ireland, Oneview Healthcare (ASX: ONE) has lost 58 per cent this year, but climbed 19 per cent in the last fortnight despite no news out of the company.

Code Name Price (3pm Thursday) Market Cap % Return (2 Weeks) % Return YTD
PCK PAINCHEK LTD 0.18 $162,973,568.00 20 349
AGH ALTHEA GROUP HOLDINGS LTD 1.04 $211,442,400.00 49 322
NXS NEXT SCIENCE 4.03 $719,410,000.00 25 303
OCC ORTHOCELL LTD 0.535 $81,837,240.00 14 266
ALC ALCIDION GROUP LTD 0.12 $96,680,536.00 -4 167
BOT BOTANIX PHARMACEUTICALS LTD 0.17 $131,431,792.00 62 164
IHL IMPRESSION HEALTHCARE LTD 0.039 $22,693,984.00 44 162
1ST 1ST GROUP LTD 0.068 $24,166,258.00 48 134
FTT FACTOR THERAPEUTICS LTD 0.004 $4,171,342.50 -20 125
M7T MACH7 TECHNOLOGIES LTD 0.435 $64,659,588.00 9 112
JHL JAYEX HEALTHCARE LTD 0.04 $6,904,521.00 -13 111
QTM QUANTUM HEALTH GROUP LTD 0.026 $28,556,016.00 -4 86
RAP RESAPP HEALTH LTD 0.18 $124,763,496.00 0 81
TLX TELIX PHARMACEUTICALS LTD 1.16 $253,304,368.00 17 79
ANP ANTISENSE THERAPEUTICS LTD 0.046 $19,324,760.00 -4 77
RHT RESONANCE HEALTH LTD 0.104 $44,362,244.00 -9 75
CMP COMPUMEDICS LTD 0.615 $108,955,216.00 19 53
VHT VOLPARA HEALTH TECHNOLOGIES 1.62 $345,852,032.00 -4 51
GID GI DYNAMICS INC-CDI 0.024 $23,133,054.00 41 50
MVF MONASH IVF GROUP LTD 1.43 $338,352,736.00 9 48
BD1 BARD1 LIFE SCIENCES LTD 0.031 $39,896,936.00 42 47
MDR MEDADVISOR LTD 0.048 $65,851,796.00 -13 43
SDI SDI LTD 0.0875 $104,007,336.00 -4 37
CYC CYCLOPHARM LTD 1.47 $101,281,344.00 -2 36
LSH LIFESPOT HEALTH LTD 0.073 $5,662,513.50 20 33
LBT LBT INNOVATIONS LTD 0.115 $27,064,076.00 -15 32
FFC FARMAFORCE LTD 0.15 $19,170,148.00 0 30
MXC MGC PHARMACEUTICALS LTD 0.05 $60,669,184.00 -2 30
PAR PARADIGM BIOPHARMACEUTICALS 1.27 $244,103,856.00 -10 27
GSS GENETIC SIGNATURES LTD 1.02 $106,115,128.00 -2 26
RHY RHYTHM BIOSCIENCES LTD 0.17 $17,631,250.00 9 21
MVP MEDICAL DEVELOPMENTS INTERNA 5.3 $347,238,752.00 2 20
HMD HERAMED LTD 0.18 $15,755,191.00 -25 19
RNO RHINOMED LTD 0.22 $31,934,988.00 -6 18
RCE RECCE PHARMACEUTICALS LTD 0.215 $23,032,932.00 8 17
OIL OPTISCAN IMAGING LTD 0.049 $23,038,762.00 9 16
NOX NOXOPHARM LTD 0.49 $60,074,684.00 -16 15
NSB NEUROSCIENTIFIC BIOPHARMACEU 0.15 $11,037,089.00 7 15
IDT IDT AUSTRALIA LTD 0.17 $40,282,036.00 3 14
OPT OPTHEA LTD 0.66 $164,613,792.00 0 14
CTE CRYOSITE LTD 0.05 $2,342,978.25 9 13
AZV AZURE HEALTHCARE LTD 0.08 $18,617,026.00 3 13
ICS ICSGLOBAL LTD 1.01 $10,689,859.00 0 13
CP1 CANNPAL ANIMAL THERAPEUTICS 0.14 $13,503,125.00 -3 12
IDX INTEGRAL DIAGNOSTICS LTD 3.01 $472,768,096.00 2 10
NVL NATIONAL VETERINARY CARE LTD 2.1 $140,702,864.00 8 8
PAA PHARMAUST LTD 0.04 $10,928,626.00 3 7
CPH CRESO PHARMA LTD 0.52 $69,547,056.00 6 7
EMV EMVISION MEDICAL DEVICES LTD 0.37 $21,304,138.00 -3 6
VRT VIRTUS HEALTH LTD 4.49 $360,944,352.00 1 5
JHC JAPARA HEALTHCARE LTD 1.17 $312,679,360.00 -9 5
AHX APIAM ANIMAL HEALTH LTD 0.5 $52,948,864.00 11 4
PYC PHYLOGICA LTD 0.028 $68,399,984.00 8 4
PBP PROBIOTEC LTD 1.55 $93,353,920.00 3 3
MMJ MMJ GROUP HOLDINGS LTD 0.24 $55,235,756.00 -2 2
ONT 1300 SMILES LTD 6.4 $151,541,664.00 -3 1
BPH BPH ENERGY LTD 0.001 $2,543,277.75 0 0
GLH GLOBAL HEALTH LTD 0.13 $4,378,217.00 -16 0
ACR ACRUX LTD 0.185 $30,816,876.00 -5 0
SDX SIENNA CANCER DIAGNOSTICS LT 0.06 $17,343,310.00 22 0
GTG GENETIC TECHNOLOGIES LTD 0.007 $19,016,988.00 0 0
UCM USCOM LTD 0.14 $19,269,722.00 -15 -3
PAB PATRYS LTD 0.025 $26,814,758.00 4 -4
MDC MEDLAB CLINICAL LTD 0.34 $72,802,472.00 -7 -4
KZA KAZIA THERAPEUTICS LTD 0.34 $21,136,668.00 -8 -4
UBI UNIVERSAL BIOSENSORS INC-CDI 0.19 $33,694,180.00 -3 -5
CYP CYNATA THERAPEUTICS LTD 1.25 $127,865,744.00 0 -5
PIQ PROTEOMICS INTERNATIONAL LAB 0.344 $27,837,002.00 5 -5
DXB DIMERIX LTD 0.084 $13,339,153.00 8 -6
PSQ PACIFIC SMILES GROUP LTD 1.18 $179,352,208.00 -6 -6
RSH RESPIRI LTD 0.088 $46,277,712.00 -30 -6
THC THC GLOBAL GROUP LTD 0.44 $59,961,556.00 1 -6
PAL PALLA PHARMA LTD 1.06 $85,950,728.00 -5 -7
PXS PHARMAXIS LTD 0.25 $98,578,952.00 2 -8
CAN CANN GROUP LTD 1.84 $259,201,536.00 -12 -8
AJJ ASIAN AMERICAN MEDICAL GROUP 0.12 $41,730,332.00 0 -8
MEM MEMPHASYS LTD 0.025 $13,753,343.00 4 -9
IVQ INVITROCUE LTD 0.07 $36,772,796.00 0 -10
CDX CARDIEX LTD 0.026 $18,083,058.00 -26 -10
PKS PKS HOLDINGS LTD 0.18 $23,016,790.00 6 -10
IMM IMMUTEP LTD 0.025 $84,714,960.00 -4 -11
IVX INVION LTD 0.016 $88,009,704.00 7 -11
VLS VITA LIFE SCIENCES LTD 0.725 $40,463,888.00 1 -11
TTB TOTAL BRAIN LTD 0.028 $21,775,276.00 17 -12
DVL DORSAVI LTD 0.054 $11,016,906.00 -13 -13
OVN OVENTUS MEDICAL LTD 0.22 $23,836,322.00 5 -13
ATH ALTERITY THERAPEUTICS LTD 0.029 $24,964,286.00 -12 -15
SOM SOMNOMED LTD 1.58 $99,230,584.00 -6 -15
OBJ OBJ LTD 0.015 $27,141,940.00 0 -17
IMU IMUGENE LTD 0.015 $54,147,696.00 -6 -17
RAC RACE ONCOLOGY LTD 0.057 $4,687,441.50 -5 -19
HLA HEALTHIA LTD 0.795 $50,112,552.00 -4 -20
ADO ANTEO DIAGNOSTICS LTD 0.012 $17,900,488.00 -8 -20
ALT ANALYTICA LTD 0.004 $14,078,449.00 -20 -20
AVE AVECHO BIOTECHNOLOGY LTD 0.003 $4,732,372.50 -25 -20
CAJ CAPITOL HEALTH LTD 0.2 $158,043,696.00 -11 -20
NEU NEUREN PHARMACEUTICALS LTD 1.12 $115,550,424.00 -3 -21
SCU STEMCELL UNITED LTD 0.015 $9,624,125.00 -12 -21
ZLD ZELDA THERAPEUTICS LTD 0.041 $30,969,020.00 -2 -21
ADR ADHERIUM LTD 0.028 $4,676,430.00 -13 -22
ELX ELLEX MEDICAL LASERS LTD 0.55 $78,980,608.00 -2 -22
EX1 EXOPHARM LTD 0.42 $33,810,000.00 0 -27
MX1 MICRO-X LTD 0.21 $32,779,678.00 -11 -29
GMV G MEDICAL INNOVATION HOLDING 0.2 $77,763,840.00 -7 -30
1AD ADALTA LTD 0.17 $25,596,802.00 -13 -30
ATX AMPLIA THERAPEUTICS LTD 0.096 $4,283,837.00 -9 -32
PGC PARAGON CARE LTD 0.42 $141,911,824.00 -2 -33
OSP OSPREY MEDICAL INC-CDI 0.071 $30,657,614.00 -29 -37
ESE ESENSE-LAB LTD-CDI 0.017 $3,421,384.50 -5 -37
TDL TBG DIAGNOSTICS LTD 0.035 $7,615,555.00 -3 -39
BIT BIOTRON LTD 0.067 $39,912,292.00 0 -39
CDY CELLMID LTD 0.17 $14,213,611.00 -3 -39
IPD IMPEDIMED LTD 0.12 $43,677,460.00 0 -39
AC8 AUSCANN GROUP HOLDINGS LTD 0.34 $106,194,112.00 -14 -41
VBS VECTUS BIOSYSTEMS LTD 0.34 $7,949,198.50 -3 -42
PTX PRESCIENT THERAPEUTICS LTD 0.039 $15,376,164.00 -2 -42
IMC IMMURON LTD 0.115 $18,769,806.00 -12 -42
IBX IMAGION BIOSYSTEMS LTD 0.018 $5,826,696.00 -10 -43
KKT KONEKT LTD 0.17 $17,983,762.00 -3 -45
BLT BENITEC BIOPHARMA LTD 0.059 $15,164,736.00 -16 -47
LCT LIVING CELL TECHNOLOGIES LTD 0.023 $13,143,143.00 -23 -48
NC6 NANOLLOSE LTD 0.043 $3,224,999.75 -27 -51
ANR ANATARA LIFESCIENCES LTD 0.2 $10,129,713.00 -39 -54
AMT ALLEGRA ORTHOPAEDICS LTD 0.09 $8,960,315.00 13 -55
NHL NOVITA HEALTHCARE LTD 0.012 $5,391,662.00 -29 -55
NTI NEUROTECH INTERNATIONAL LTD 0.016 $2,171,902.00 -24 -57
MEB MEDIBIO LTD 0.009 $2,239,213.50 -10 -57
ONE ONEVIEW HEALTHCARE PLC-CDI 0.25 $43,221,620.00 19 -58
SIL SMILES INCLUSIVE LTD 0.1 $6,995,397.50 -19 -60
RGS REGENEUS LTD 0.065 $13,577,534.00 -28 -64
BNO BIONOMICS LTD 0.037 $20,153,378.00 -39 -66
VTI VISIONEERING TECH-CDI 0.045 $12,187,868.00 5 -68
CGS COGSTATE LTD 0.21 $25,031,200.00 -13 -68
OSL ONCOSIL MEDICAL LTD 0.048 $30,274,022.00 -20 -73
ACW ACTINOGEN MEDICAL LTD 0.011 $12,311,545.00 10 -77